Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.19.3
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues              
Revenues $ 1,476     $ 1,529   $ 4,930 $ 4,529
Revenues from contracts with customers 1,475     1,529   4,928 4,529
Operating costs and expenses              
Cost of sales (excluding depreciation and amortization expense shown separately below) 742     756   2,501 2,291
Cost of sales—affiliate 6     0   6 0
Operating and maintenance expense 172     113   472 306
Operating and maintenance expense—affiliate 34     31   100 87
Development expense 0     1   0 2
General and administrative expense 3     3   9 9
General and administrative expense—affiliate 34     18   82 53
Depreciation and amortization expense 138     107   390 318
Impairment expense and loss on disposal of assets 1     8   6 8
Total operating costs and expenses 1,130     1,037   3,566 3,074
Income (loss) from operations 346     492   1,364 1,455
Other income (expense)              
Interest expense, net of capitalized interest (231)     (183)   (648) (552)
Loss on modification or extinguishment of debt (13)     (12)   (13) (12)
Derivative gain, net 0     2   0 13
Other income 8     8   24 19
Total other income (expense) (236)     (185)   (637) (532)
Net income $ 110 $ 232 $ 385 $ 307 $ 335 $ 727 $ 923
Basic and diluted net income per common unit $ 0.19     $ 0.60   $ 1.38 $ 1.82
Weighted average number of common units outstanding used for basic and diluted net income per common unit calculation 348.6     348.6   348.6 348.6
LNG [Member]              
Revenues              
Revenues $ 1,140     $ 1,249   $ 3,678 $ 3,419
Revenues from contracts with customers 1,139     1,249   3,676 3,419
LNG—affiliate [Member]              
Revenues              
Revenues from contracts with customers 257     205   1,017 886
Regasification [Member]              
Revenues              
Revenues from contracts with customers 66     66   199 196
Other [Member]              
Revenues              
Revenues from contracts with customers $ 13     $ 9   $ 36 $ 28